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HomeFed-speak: Ease Air Out of Bonds – Support Equities
Posted by Larry Doyle on May 20th, 2013 9:38 AM |
“Don’t fight the Fed.”
While the fundamentals of our underlying economy bump along with continued structural headwinds and fiscal support from Uncle Sam remaining anemic, the Federal Reserve’s QE-infinity remains the underlying cornerstone supporting our markets.
With equities making new highs and high yield bonds trading at stratospheric levels, recent pronouncements from Fed officials strike me as looking to accomplish two goals: (more…)
R. Wenzel: Federal Reserve An Unmitigated FAILURE
Posted by Larry Doyle on April 28th, 2012 9:17 AM |
This commentary is a little lengthy but a great and absolute MUST READ!! LD
Who really runs America?
The media may actively and aggressively debate the pandering provided by those on both ends of the political spectrum. But to whom do these pols really answer? The American public? I do not think so.
The Washington establishment strikes me as little more than puppets played by the one controlling the money. Who might that be? The all powerful and, all assertions to the contrary, perpetually opaque Federal Reserve.
Let’s navigate deep into the chambers of the New York Federal Reserve. (more…)
Those Uncle Sam Failed, Violated, and Left Behind
Posted by Larry Doyle on April 3rd, 2012 8:31 AM |
They are going to forget about me.
I have heard that line and iterations thereof from too many of our fellow citizens. Uncle Sam in the personage of Ben Bernanke, Tim Geithner, Henry Paulson, Mary Schapiro, John Boehner, Nancy Pelosi, Barack Obama and many others can talk about the actions they have taken and will take to save our economy and our nation; however, in the midst of their supposed efforts they have failed, violated, and left behind tens of thousands of our fellow citizens in their wake.
Of whom and to what do I refer? (more…)
The Integrity of the Game
Posted by Larry Doyle on March 22nd, 2012 5:31 AM |
The penalties handed out by NFL Commissioner Roger Goodell to the coaches and executives of the New Orleans Saints organization for the bounty program practiced down on the bayou were perhaps the stiffest in the history of the game.
Goodell has shown himself to be a no-nonsense individual cut from the mold of Kenesaw Mountain Landis. Goodell is clearly focused on protecting the sport, and knows that any program which promotes an intent to injure renders modern day football to little more than barbarism. (more…)
Quantitative Easing: To Infinity and Beyond?
Posted by Larry Doyle on January 29th, 2012 12:02 PM |
What does the Federal Reserve know that we don’t?
I mean, why would the Federal Reserve commit to keeping prevailing interest rates at next to zero through the end of 2014 if they were not aware of just how weak our underlying economy truly is?
Bernanke and team know our domestic economy and the global economy at large remain in need of significant and steady oxygen support. (more…)
Fed’s White Paper on Housing: Uncle Sam a Landlord? Obama’s Plans for Re-Election?
Posted by Larry Doyle on January 5th, 2012 9:58 PM |
Housing and labor remain the cornerstones of our economy. In fact, the health of our labor market follows that of housing just like night follows day.
The near term prospects for both housing and labor remain decidedly challenging. The success of assorted federal programs to support housing so far have obviously been underwhelming.
That said, there are rumblings emanating from Washington that the Obama administration may end run Congress while unilaterally launching a massive program to support housing via Freddie/Fannie orchestrated refinancings.
Will this program be the ‘rabbit’ which Obama and team pull to prop the economy and their re-election chances in 2012? (more…)
Traveling Into Uncharted Waters Looking for Ben
Posted by Larry Doyle on November 29th, 2011 6:51 PM |
What lies ahead on our global economic landscape?
While market analysts and economists are paid to provide opinions, you know what they say about opinions.
Our global economy and markets have been supported by such unprecedented levels of government intervention with accompanying massive unintended consequences that trying to navigate our economic landscape can only be equated to “traveling in uncharted waters.” (more…)
The Federal Reserve Comes Clean
Posted by Larry Doyle on August 10th, 2011 5:47 AM |
Many market participants rip apart Fed statements within seconds of release looking for key words or phrases to decipher the path of future Fed policy.
Often reading a Fed statement is like reading a Tarot card as the ‘great and all powerful Fed’ provides sufficient obfuscation in order to cover a whole slew of bases.
Yesterday’s Federal Reserve statement struck me as far different from those in the past as it left very little to interpretation. (more…)
Brother, Can You Spare a Dime?
Posted by Larry Doyle on May 3rd, 2011 9:17 AM |
As we inch our way along the economic landscape we witness more comparisons to the economic malaise of The Great Depression. I take no pleasure in writing on these topics and of these comparisons but they are a simple and regrettably a largely unspoken reality.
You do not need to read Sense on Cents to be aware that our wages and incomes are not keeping pace with the cost of living. You do need to read economic blogs, though, because the reality of our income situation and the impact on real consumer spending habits is often left untouched by major media outlets.
Although Ben Bernanke would define the current inflationary and economic trends as transitory, perhaps he should try to explain that to the couple that is struggling to keep their head above water. Where do we see growing evidence of these struggles. Let’s dive inside The 9 Places Where Inflation Is Crushing Us to learn the following startling statistic…, (more…)
Dollar Devaluation, Stagflation, and How “You’re Getting Screwed”
Posted by Larry Doyle on April 29th, 2011 8:12 AM |
“Remain calm, all is well!!”
Such would seem to be the message put forth this morning by The Wall Street Journal’s lead headline, Officials Unfazed by Dollar Slide,
In recent days, the nation’s top two economic policy makers—Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner—have publicly expressed their desire for a strong dollar. But there is little indication of a change in policy from either the Fed or Treasury—or in underlying economic conditions—that would alter the currency’s downward course.
When thinking of Bernanke and Geithner, who do you think of first, Abbott and Costello or Laurel and Hardy? I am more in the former camp. “Hey, Abbbbbotttttt!!” (more…)
